Word: crunches
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Dates: during 1990-1999
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...filing came as the nation's fifth largest carrier was beginning to win back customers with a better on-time performance and other improvements. Most passengers stuck with the airline. The real crunch may come next month when the peak season ends. "Once holiday price slashing is over, fares will have to increase," Harris said. "But to raise them at the rate necessary to offset the total increase in fuel prices would cripple business travel and all but obliterate pleasure travel." Harris must navigate such turbulence if he expects to fly Continental out of Chapter...
Much of this, of course, is a continuation of a trim-down trend that has been going on for years and has been accelerated by the economy's recent nose dive and the drying up of ad revenues. But the crunch has become more urgent because of the budget-busting Persian Gulf crisis, which has cost the networks as much as $3 million combined per week (though less than half that in recent weeks). "What it means is no budget or people for anything else," says one CBS correspondent. "God help us if another big story breaks...
...many hits can a movie mogul squeeze into a box office? The crunch of high- profile December releases, each intended to be a bonanza, will be more frenzied this year than ever. Rocky V and Home Alone started fast out of the gate. Here's the morning line on some of the hopefuls yet to come...
...economy: right in the middle. The staple of the business -- the standard two- or three-piece suit that fits around the average frame as trimly as a swath of burlap around 50 lbs. of Pillsbury -- has lost its allure: too drab, too ordinary and, in an approaching crunch, too superfluous. What's already in the closet is good enough for now, and if it's not -- if a man has the cash and a need for flash -- he's reaching way upscale, to Armani and Ralph Lauren and the heady heights of bespoke tailoring. The Europhile tailored look that belonged...
...will usually keep extending a company's debt, but often at higher interest rates on the new loans. At the moment, though, many lenders are pulling back because of rising defaults, so the refinancing option is becoming more remote. In fact, analysts warn that this has produced a credit crunch that could push many over-leveraged companies closer to failure. The situation is worst for firms that borrowed heavily by issuing junk bonds. The investment house that controlled most of the market for those securities, Drexel Burnham Lambert, has gone out of business, making the refinancing of such debt...